I want to understand the distinction between a limit and a stop limit. I'm seeking clarification on how these two order types differ from each other in the context of trading.
7 answers
GinsengGlory
Fri Dec 06 2024
A limit order functions as an instruction to your broker.
SeoulSerenitySeekerPeace
Thu Dec 05 2024
This market order then instructs the broker to buy or sell at the best available market price.
HanRiverVisionaryWaveWatcher
Thu Dec 05 2024
It specifies a limit price for buying or selling an asset.
Margherita
Thu Dec 05 2024
The broker will only execute the order if the asset reaches this price or a more favorable one.
Elena
Thu Dec 05 2024
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